Insider Selling: Navitas Semiconductor (NASDAQ:NVTS) Director Sells $89,630,856.22 in Stock

Navitas Semiconductor Corporation (NASDAQ:NVTS) Director Ranbir Singh sold 3,060,118 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $29.29, for a total transaction of $89,630,856.22. Following the completion of the sale, the director directly owned 15,607,533 shares of the company’s stock, valued at $457,144,641.57. This represents a 16.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ranbir Singh also recently made the following trade(s):

• On Thursday, May 28th, Ranbir Singh sold 664,058 shares of Navitas Semiconductor stock. The shares were sold at an average price of $28.72, for a total transaction of $19,071,745.76.

Navitas Semiconductor Stock Performance

Shares of Navitas Semiconductor stock opened at $26.60 on Monday. The company has a 50 day moving average of $15.81 and a 200-day moving average of $11.27. Navitas Semiconductor Corporation has a 1-year low of $4.95 and a 1-year high of $33.82. The company has a market cap of $6.22 billion, a PE ratio of -42.22 and a beta of 3.75.

Navitas Semiconductor (NASDAQ:NVTS) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. Navitas Semiconductor had a negative net margin of 330.67% and a negative return on equity of 14.30%. The company had revenue of $8.60 million during the quarter, compared to the consensus estimate of $8.22 million. During the same quarter in the prior year, the firm posted ($0.06) EPS. The firm’s quarterly revenue was down 38.7% on a year-over-year basis. Research analysts forecast that Navitas Semiconductor Corporation will post -0.39 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of NVTS. Invesco Ltd. lifted its stake in shares of Navitas Semiconductor by 257.8% in the fourth quarter. Invesco Ltd. now owns 4,737,624 shares of the company’s stock valued at $33,827,000 after buying an additional 3,413,394 shares in the last quarter. Marex Group plc lifted its stake in shares of Navitas Semiconductor by 22,203.8% in the fourth quarter. Marex Group plc now owns 2,675,113 shares of the company’s stock valued at $19,100,000 after buying an additional 2,663,119 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Navitas Semiconductor by 23.6% in the third quarter. Vanguard Group Inc. now owns 13,360,648 shares of the company’s stock valued at $96,464,000 after buying an additional 2,550,613 shares in the last quarter. Ghisallo Capital Management LLC bought a new position in shares of Navitas Semiconductor in the fourth quarter valued at $15,867,000. Finally, UBS Group AG lifted its stake in shares of Navitas Semiconductor by 131.0% in the fourth quarter. UBS Group AG now owns 3,307,036 shares of the company’s stock valued at $23,612,000 after buying an additional 1,875,228 shares in the last quarter. 46.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NVTS. Rosenblatt Securities increased their price objective on shares of Navitas Semiconductor from $7.00 to $13.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Needham & Company LLC increased their target price on shares of Navitas Semiconductor from $13.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Robert W. Baird increased their target price on shares of Navitas Semiconductor from $9.00 to $20.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th. Morgan Stanley reissued an “underweight” rating and set a $13.70 target price on shares of Navitas Semiconductor in a research note on Wednesday, May 6th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Navitas Semiconductor in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $12.87.

About Navitas Semiconductor

Navitas Semiconductor is a fabless semiconductor company specialized in gallium nitride (GaN) power integrated circuits. The company’s core mission centers on delivering high-efficiency, high-power-density power solutions that address the needs of modern electronic devices, ranging from fast chargers for consumer electronics to industrial and automotive power systems.

Navitas offers a portfolio of GaNFast power ICs designed to replace traditional silicon-based power components. These products integrate GaN transistors, drivers and protection features into single-chip solutions, enabling faster charging, reduced energy loss and smaller power supply footprints.